US stocks rallied overnight with the broad market finally closing up 0.2% while the tech based NASDAQ poked its nose up to fresh all-time highs. A small pullback / period of consolidation wouldn’t surprise but we still envisage a test of the psychological 16,000 level by tech stocks into November.
NB We have now tempered our short-term outlook back to mildly bullish.
MM is mildly bullish US stocks short-term
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